Independent Oil & Gas PLC (LON:IOG) insider Fiona MacAulay purchased 200,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were bought at an average cost of GBX 10 ($0.13) per share, for a total transaction of £20,000 ($26,133.54).
Shares of LON:IOG opened at GBX 12.20 ($0.16) on Friday. Independent Oil & Gas PLC has a twelve month low of GBX 10.35 ($0.14) and a twelve month high of GBX 33.61 ($0.44). The company has a market capitalization of $15.55 million and a PE ratio of -2.65.
IOG has been the topic of a number of recent analyst reports. Peel Hunt reaffirmed a “buy” rating on shares of Independent Oil & Gas in a report on Monday, February 25th. FinnCap reiterated a “corporate” rating on shares of Independent Oil & Gas in a research note on Friday, April 5th.
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Independent Oil and Gas plc explores for and develops oil and gas properties in the North Sea, the United Kingdom. It primarily focuses on the development of hydrocarbon reserves, as well as the acquisition, trading, and monetization of its license interests. The company 100% working interests in the Blythe gas field in the southern North Sea; the Skipper license located to the south east of the Shetlands in the northern North Sea; and the Nailsworth, Elland, and Southwark fields in the southern North Sea.
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